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Coffee Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type ; Category ; End-User

Coffee Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type ; Category ; End-User

  • July 2021
  • 165 pages
  • ID: 6128398
  • Format: PDF
  • The Insight Partners

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The coffee machines market was valued at US$ 15,340.33 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2020 to 2028.

A coffee machine is a device that is used to brew coffee.While there are many types of coffeemakers that use various brewing methods, the most popular devices use a paper or metal filter within a funnel that is put over a glass or ceramic coffee pot, which is a kettle-style cooking pot.

Coffee machines are available in various sizes and shapes as well as in different type of models, which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others.This has played an important role in increasing its demand.

In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel segment growth.

Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others.The filter coffee machine segment held the largest share of the market in 2020.

A filter coffee maker is a machine through which the water automatically drips into a heating tube.Once the water is heated, it is poured on to the ground coffee, going through a filter and coming out as a hot cup of coffee.

Filtering coffee essentially involves pouring hot water over ground coffee to extract its hidden flavors.The solid grounds are usually separated, and coffee is served fully liquid.

Many variables go into producing a well-filtered coffee. Filter coffee requires coarser grounds and more water than espresso; it also takes longer to brew. The intensity and subtleties of the tastes are determined by the coarseness of the coffee grounds as well as the roast profile. The filter coffee machines primarily consist of a metal or paper filter in which the coffee grounds are placed. The grinds are then allowed to percolate through hot water, which collects as a filtrate in a pot. Filter coffee, on the other hand, has a cleaner, smoother, and less acidic flavor, making it ideal for drinking black coffee.

COVID-19 outbreak pandemic was first reported in Wuhan (China) in December 2019.As of June 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of confirmed cases and reported deaths.

The pandemic has negatively affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.The consumer goods industry is one of the major industries suffering serious disruptions such as breaks in supply chain and shutdowns of production plants.

The shutdown of various manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America and Central America, and the Middle East, and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and various product sales.Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are affecting the economics in a negative manner, and thus act as a restraining factor for the growth of various markets related to this industry.

Keurig Green Mountain, Inc.; Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.P.A.; Koninklijke Philips N.V; Krups Gmbh; Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.P.A. are among the major players operating in the coffee machines market.

The overall coffee machines market size has been derived in accordance to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the coffee machines market.

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